Breakdown | |||||
TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
---|---|---|---|---|---|
Income Statement | Total Revenue | ||||
7.07M | 5.72M | 14.77M | 12.13M | 3.61M | 4.08M | Gross Profit |
4.61M | 3.42M | 12.53M | 10.76M | 1.77M | 1.27M | EBIT |
3.65M | 1.34M | -35.22M | 5.21M | -12.77M | -177.00K | EBITDA |
-28.49M | 2.29M | -1.48M | 6.01M | -1.19M | 767.00K | Net Income Common Stockholders |
-27.61M | 4.94M | -42.33M | -814.00K | -13.81M | -482.00K |
Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
23.55M | 9.44M | 11.58M | 23.26M | 23.38M | 25.71M | Total Assets |
79.85M | 27.27M | 28.62M | 86.32M | 78.67M | 89.81M | Total Debt |
0.00 | 1.25M | 1.46M | 948.00K | 500.00K | 3.60M | Net Debt |
-23.55M | -8.19M | -10.81M | -22.32M | -22.88M | -22.11M | Total Liabilities |
13.26M | 7.63M | 13.96M | 29.32M | 20.95M | 18.46M | Stockholders Equity |
66.59M | 19.64M | 14.66M | 56.99M | 57.72M | 71.35M |
Cash Flow | Free Cash Flow | ||||
-2.55M | 1.12M | 4.98M | 745.00K | -1.96M | -4.79M | Operating Cash Flow |
-638.00K | 2.27M | 6.53M | 4.53M | -1.31M | -1.00M | Investing Cash Flow |
-8.34M | -3.85M | -17.69M | -4.14M | 3.47M | -3.60M | Financing Cash Flow |
-295.00K | -518.00K | -453.00K | -962.00K | -3.63M | -523.00K |
The Parkmead Group PLC has announced a change in its major holdings, with Stonehage Fleming Investment Management Limited increasing its voting rights to 12.00% from a previous 11.97%. This adjustment in holdings signifies a slight shift in the company’s shareholder structure, potentially impacting its governance and strategic decision-making processes.
The Parkmead Group has completed the sale of its subsidiary, Parkmead (E&P) Ltd, to Serica Energy for an immediate cash payment of £7.3 million, with additional firm and contingent payments potentially bringing the total to £134.3 million. This strategic move allows Parkmead to focus on its onshore natural gas and renewable energy projects, positioning the company for future growth and acquisition opportunities in these sectors.
The Parkmead Group has completed the sale of its subsidiary, Parkmead (E&P) Ltd, to Serica Energy for an immediate cash payment of £7.3 million, with additional firm and contingent payments possible. This strategic move allows Parkmead to focus on its onshore natural gas and renewable energy projects, positioning the company for future growth and value maximization.
Parkmead Group has announced its interim results for the six-month period ending December 2024, highlighting the sale of its subsidiary Parkmead (E&P) Ltd to Serica Energy, expected to complete in mid-2025. This transaction is set to provide Parkmead with £14 million in cash, enhancing its financial position to pursue further acquisitions and investments in its existing gas and renewable energy projects. Additionally, Parkmead is advancing its Glenskinnan Renewable Energy Park project in collaboration with Galileo Empower, which includes significant wind, solar, and battery storage capacities. The company continues to focus on cost efficiency and strategic growth despite reporting a net loss of £1.2 million for the period, attributed to one-off costs and reduced production in the Netherlands.